Raymond James, Psyng

Raymond James to provide advisers with Albridge platform Raymond James Financial Inc. is providing its network of 5,000 financial advisers with access to the Albridge Wealth Reporting platform. The platform offers advisers a consolidated view of their clients’ net worth across multiple accounts along with full-service subaccount processing. Raymond James will begin integrating access to the Albridge platform into its own adviser workstations starting in the third quarter, a process that will be completed next year. The platform is being provided to St. Petersburg, Fla.-based Raymond James by Global Investment Servicing, a unit of PNC Financial Services Group Inc. of Wilmington, Del., the corporate parent of Albridge. “Taking it from the data management perspective, [Raymond James is] migrating from some legacy systems, and a lot of integration is coming together with this rollout,” said Tom Sholes, an executive vice president and senior managing director at Global Investment Servicing. Raymond James will also convert approximately 2.5 million mutual fund positions to that unit’s omnibus accounting platform, said Greg Pacholski, chief executive of Albridge. The Internet-enabled accounting platform will allow Raymond James to bring shareholder accounting and administration in-house for its mutual fund trade processing, record keeping and to provide enhanced control of client accounts. For more information, visitAlbridge Solutions. News service targets advisers A recently unveiled portal can help advisers track news about stocks, mutual funds, asset management companies and other topics that interest them. Psyng (pronounced “sing”) works by scouring newswires, Internet feeds, TV closed captions, blogs and other sources of information and then reveals statistical patterns and trends in the financial markets, social networks and human behavior. Users can bookmark anything that interests them, and Psyng will deliver updates. It is the brainchild of several computer scientists, who received $3.5 million in funding to develop the site, despite the financial crisis. For the next 30 days, Atlanta-based Psydex Corp. is offering its product in a beta version free of charge. The idea is to offer to investors and algorithmic trading systems tradable and actionable data, saidRob Usey, the company’s chief executive. For more information, visit Psyng and Psydex.